Who offers the best high Yield CDs: Schwab or iGo Bank?
The Charles Schwab Corporation is a leading provider of securities brokerage and financial services to individual investors and independent investment advisors. One of United States’ largest financial services firms, Schwab has an amazing 6.8 million client brokerage accounts, 584,000 corporate retirement plan participants and 150,000 banking accounts. Through its high yield CDs, Schwab offers innumerable benefits to its millions of consumers. If CDs purchased through Schwab are held to maturity, they could earn a fixed rate of interest over a certain period of time. In addition, there are numerous other advantages including more choices of high-yielding CDs, a great selection of competitive rates, maturities and different types of CDs such as index-linked or inflation-linked CDs from pioneering institutions and last but not the least, greater convenience and simplicity. Consumers can purchase a CD online through his/her Schwab account and the CD shows as a position in the consumer’s b